Further gains expected: DAX reversal fuels hopes

DAX continues to search for direction

This so-called “intraday reversal” now encourages technically oriented investors in the short term. However, the situation remains the same: as long as the DAX does not break out of its sideways movement since the beginning of February, a sustained change of direction on the German stock market is not to be expected. The upper and lower limits are now 15,151 and 15,553 respectively.

S&P 500 and Nasdaq 100 defend 200-day moving averages

Slightly positive targets come from the US stock exchanges. These had closed tighter yesterday evening after a roller coaster ride. Both the S&P 500 and the Nasdaq 100 were ultimately able to defend their respective 200-day lines, albeit with difficulty.

Dow with significant gains

The Dow Jones index of defaults went 1.1 percent higher to 33,003 points from trading. The tech-heavy Nasdaq advanced 0.7 percent to 11,462 points. The broad S&P 500 gained 0.8 percent to 3,981 jobs.

Traders justified the price premiums with statements by Fed central banker Raphael Bostic, who advocated a slow and cautious approach to further interest rate hikes.

Price premiums in the Nikkei

Investors on the Asian stock exchanges cannot escape the positive guidelines from Wall Street either. The Nikkei index, which comprises 225 values, said goodbye to the weekend with price gains. At the end of trading in Tokyo, the Japanese stock market barometer was 1.6 percent higher at 27,928 points. The Shanghai stock exchange was up 0.2 percent. The index of the most important companies in Shanghai and Shenzhen stagnated.

Euro still above $1.06

The dollar is weakening somewhat in Asian forex trading. At the same time, the euro rose by 0.1 percent to $1.0612. A troy ounce of gold cost $1,840 in the morning, 0.1 percent more than the previous evening.

Oil prices ease slightly

Oil prices are slightly down in early trading. In the morning, a barrel (159 liters) of North Sea Brent for delivery in May cost 84.65 US dollars. That was ten cents less than the day before. The price for a barrel of the American West Texas Intermediate (WTI) variety for delivery in April fell by eleven cents to $78.05.

Will Rheinmetall be included in the DAX?

At the end of the week, Rheinmetall shares came into focus on the German stock market. The armaments group and auto supplier is likely to join the first stock exchange league in March. The stock market value of the armaments group and car supplier, measured by the freely tradable share share, makes it possible.

According to index experts, with its so-called “free float market capitalization”, which has meanwhile increased to around 10.3 billion euros, it is ousting the dialysis specialist FMC from the DAX. In addition, there are likely to be further changes of place in the MDAX, TecDAX and SDA. Deutsche Boerse will comment tonight after the US market close.

Infineon acquires Canadian GaN Systems

The chip group Infineon is expanding its business with innovative power semiconductors for electrical applications and is taking over the Canadian manufacturer GaN Systems for 830 million US dollars. The purchase will be financed from the available liquid funds. GaN Systems is headquartered in Ottawa, Canada and employs more than 200 people. The approval of the authorities is still pending.

VW with supervisory board meeting in focus

The Volkswagen Supervisory Board meets today. On the one hand, the five-year plan for investments and the occupancy of the plants must be decided. On the other hand, according to an insider, the decision for a separate production plant for the new Scout brand in the USA is on the agenda.

Mercedes starts construction of battery recycling plant

Mercedes-Benz wants to recycle battery systems from electric cars in the future and is starting to build its own recycling factory in Kuppenheim, Baden-Württemberg. According to the company, the foundation stone for the plant is to be laid this morning. A capacity of 2,500 tons of lithium-ion batteries per year is planned.

Lufthansa returns to profitability

After massive losses during the corona pandemic, Lufthansa made a profit again last year: net profit was 791 million euros. On average, however, analysts had expected significantly more at 875 million euros.

Hochtief subsidiary builds battery factory in USA

The construction group Hochtief is involved in the construction of a battery factory for electric cars in the USA. The project of the Japanese manufacturer Panasonic Energy in De Soto in the state of Kansas has an investment volume of four billion US dollars. The Hochtief subsidiary Turner Construction is building the large-scale plant with a partner, which is scheduled to start production in 2025.

Advertising company Ströer on course for growth

The advertising space marketer Ströer increased its sales and earnings last year. The adjusted operating result (Ebitda) rose by five percent to 541 million euros, sales climbed by nine percent to 1.77 billion euros. Ströer also benefited from strong growth in digital out-of-home advertising.

PVA Tepla founder leaves completely

The founder and main shareholder of the technology company PVA Tepla wants to part with his entire remaining block of shares. PA Beteiligungsgesellschaft, controlled by Peter Abel and his family, is offering institutional investors up to 13.6 percent of all outstanding shares in PVA Tepla. That pushes the PVA Tepla share down.

Dell excites investors with numbers

Computer manufacturer Dell exceeded analysts’ expectations in the past quarter. Although the proceeds fell in the fourth quarter as of February 3rd by eleven percent to 25.04 billion dollars; however, they were above the market consensus. Excluding special items, Dell earned $1.80 per share, versus $1.63 expected. Dell shares rose 6 percent in after-hours trading.